Bank OZK (NASDAQ:OZK) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of Bank OZK (NASDAQ:OZK) by 43.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,132 shares of the company’s stock after acquiring an additional 81,265 shares during the quarter. Bank OZK makes up 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 21st biggest position. Quantbot Technologies LP owned 0.24% of Bank OZK worth $11,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OZK. AQR Capital Management LLC increased its holdings in shares of Bank OZK by 291.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after acquiring an additional 1,765,974 shares during the last quarter. Millennium Management LLC increased its stake in Bank OZK by 196.4% during the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock valued at $55,981,000 after purchasing an additional 904,782 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Bank OZK by 483.9% during the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after purchasing an additional 812,464 shares during the period. Berkley W R Corp bought a new position in shares of Bank OZK in the 2nd quarter worth about $24,600,000. Finally, Senvest Management LLC bought a new position in shares of Bank OZK in the 3rd quarter worth about $22,306,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Trading Up 2.5 %

NASDAQ:OZK opened at $50.55 on Tuesday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 8.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a 1 year low of $37.43 and a 1 year high of $52.36. The business has a fifty day moving average of $44.62 and a 200-day moving average of $43.24.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The firm had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. Equities analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, October 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio (DPR) is currently 26.97%.

Wall Street Analysts Forecast Growth

OZK has been the subject of a number of recent research reports. Stephens boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Morgan Stanley increased their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Truist Financial reduced their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Piper Sandler increased their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.50.

Bank OZK Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.